Pursuant tothe Sixteenth Amendment of the United States Constitution, Congress passed federal legislation creating the IRS as an agency within the Department of Treasury. The IRS has been given the legal authority to make sure that all taxpayers comply with federal tax laws, as well as being e...
Keep in mind that if you file an amended tax return on paper rather the e-filing, it can take the IRS eight weeks or longer to process the amendment. You can check the status of your amended return using the IRS' Where's My Amended Return? Wait about three weeks from the dat...
Option 5: Access the Form 1040-X to manually prepare:Search for tax formsto find1040-Xand complete, sign, and download to print the form. Refund From Amendment Once you have mailed in your federal tax amendment Form 1040-X, it can take up to 16 weeks (or 4 months) from the IRS rec...
If you’ve ever received a phone call from “an IRS agent” angrily demanding you send them money in the form of iTunes cards, you’ve been targeted by this scam. They take many forms, but they tend to follow a familiar format: pose as someone from a law-enforcement agency or trusted...
IRS Working on New Income Tax Form 1040 for Tax Year 2018 or Tax Season 2019- posted June 29, 2018 The IRS released a draft of the2018 1040 tax formbased on the Tax Cuts and Jobs Act. The shorter form is half the size of the current 1040 form and combines all three current 1040 ...
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These third parties include Uber, Airbnb, Etsy, eBay, Freelancer, and other platforms which facilitate payments to gig workers. The problem is that this little amendment lowers the reporting threshold from $20,000 to $600.Previously, a gig worker could earn up to $20,000 on these platforms...
Future guidance - The IRS intends to issue guidance to modify Rev. Proc. 2019-39 to replace applicable references to March 31, 2020, with June 30, 2020. For example, the rules for the recurring remedial amendment periods for 403(b) individually designed plans now will ...
Plan sponsors should review their retirement plan documents to determine whether specific plan amendments are required or may be desired to clarify the plan’s provisions as they apply to same-sex spouses. Even if a plan document amendment is not required, other plan administrative documents, suc...
needed to have them corrected, or your employer failed to send them out by the mandatory deadline. You can't file your taxes correctly without them, and an amendment is a pain you prefer to avoid. Therefore, filing for an extension gives you the time you need to get your documentation ...